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Rupee Rises Higher Against US Dollar 8th Day in a Row

The Pakistani rupee rose higher against the US Dollar today after opening trade at 306 in the interbank market.At 12 PM, it was bullish, rising as high as 297 after gaining ~Rs. 9 against the greenback.Later, the interbank rate eased to the 297 level …

Govt Hikes RLNG Rates for September

The government has increased the average monthly sale price of re-gasified liquefied natural gas (RLNG) by roughly 3 percent due to heavy transmission and distribution losses ($1.2 million per cargo) and the impact of international prices ailing the do…

Price of Gold in Pakistan Falls Below Rs. 210,000 Per Tola

The price of gold in Pakistan continued its downward trend on Monday and fell by a further Rs. 2,600 per tola.

According to the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) went down…

Remittances Drop by 24% in August to $2.1 Billion

Remittances sent by overseas Pakistanis declined by 24 percent (or $651 million) to $2.09 billion in August 2023 compared to inflows of $2.74 billion registered in the same month last year.

However, on a month-on-month basis, the inflows in August 2…

Punjab Govt to Buy Sugar from Millers at Rs. 140 Per Kg

Punjab’s sugar mills will supply sugar to the government at a rate of Rs. 140/kg with the aim of making it available to the public through special centres, model bazaars, and Sunday bazaar stalls.

This decision materialized during a meeting convened…

Pakistan Records Highest Textile Exports in 11 Months

Pakistan’s textile exports in August surged to the highest level since September 2022 ($1.53 billion), according to Arif Habib Limited.

As per the latest export data shared by the All Pakistan Textile Mills Association (APTMA), textile exports clock…

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